Abstract: A hook for suspending a pipe string or other load in a well rig, including a tubular outer body supported by a first connector structure which is attachable to a suspending line, a tubular inner body which supports a second connector structure preferably taking the form of a hook, with the inner body being received within the outer body and being yieldingly urged upwardly relative thereto by a resilient unit or assembly located within the inner body, and with a structure within the inner body bearing upwardly against and supporting the resilient assembly and attached to the first connector structure. A cam mechanism between the inner and outer bodies automatically cams the inner body to a predetermined rotary position upon upward movement, with a locking device or devices serving to retain the inner body in fixed rotary position and/or to lock the camming mechanism in a fixed position in a manner determining the rotary setting to which the inner body returns upon upward movement.